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Article: A foreign fund races ahead: Spectra International Opportunities focuses on rapidly growing companies.(INVESTING)(Table)
- Article from:
- Kiplinger's Personal Finance Magazine
- Article date:
- June 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hot Companies. Cool Stocks. That's the motto of the Spectra funds, which seek to latch on to rapid growers before others recognize them. That approach helped propel Spectra International Opportunities to near the top of the charts in its first year.
Managers Dan Chung and Gregory Adams look at stocks from two angles. First, they ask the 30-person research team at Alger Management, which runs the Spectra funds, to come up with its top picks among dynamic foreign companies of all sizes. Ideal candidates are typically companies gaining market share and increasing unit sales. In addition, Chung and Adams run numbers through a computer model that identifies ...